CENTRE FOR AIR POWER STUDIES COP15 of Convention on Biological Diversity:

The major aim of the CBD includes the conservation of biological diversity, the sustainable use of the components of biological diversity, and the fair and equitable sharing of the benefits arising out of the utilization of genetic resources.4 Landmark outcome of United Nations Biodiversity Conference (COP15) Chaired by China, the COP15 was concluded with the adoption of the Kunming-Montreal Globa. [...] These are as follows: stopping the anthropogenically caused extinction of threatened species as well as limiting the rate of extinction of all species by 2050; ensuring the sustainable use and management of biodiversity to guarantee that the benefits of nature to people are acknowledged, preserved, and improved; the benefits of using genetic resources as well as the digital sequence data on geneti. [...] Hence, the Global Environment Facility was requested to set up a special trust fund, the ‘GBF Fund,’ to ensure a timely and adequate transfer of funds as well as to support the implementation of the GBF.10 India’s position at COP15 Developing states have argued that the current multilateral sources are inadequate to meet the GBF’s requirement at CBD COP15 and have called for the creation of a new,. [...] In order to assist the livelihoods of farmers, mostly small and marginal ones, who make up the majority of the rural population in India, the government offers a number of subsidies, including those for seed, fertilizer, irrigation, agricultural equipment, and infrastructure. [...] Moreover, India’s appeal for Lifestyle for Environment (LiFE) found an echo in the GBF.15 The LiFE initiative aims to promote conscious and purposeful utilization, which is in consonance with the 16th target of the GBF, which is sustainable consumption.16 Further, the Digital Sequence Information (DSI), which was accepted as a part of the historic agreement to conserve biodiversity, would ensure t.